10 Best CySEC Regulated Forex Brokers ☑️ (Updated 2023)

 

The 10 Best CySEC Regulated Forex Brokers revealed. We have rated and reviewed the Best Forex Brokers regulated by the Cyprus Securities and Exchange Commission.

 

This is a complete listing of The 10 Best CySEC Regulated Forex Brokers. In this in-depth write-up you will learn:

 

• Who is the Best CySEC Regulated Forex Broker for Beginner Traders?
• Pros and Cons of a CySEC Regulated Forex Broker.
• The Cyprus Securities and Exchange Commission – A Definition.

 

 

and much, much more!

 

 

The Cyprus Securities and Exchange Commission (CySEC) – A Definition

 

The Cyprus Securities and Exchange Commission (CySEC) is the financial regulatory agency of Cyprus.

 

 

10 Best CySEC Forex Brokers in 2023 – A Comparison

 

? Broker	✒️ CySEC Regulated	? Minimum Deposit	? Leverage	? Open an Account
? HF Markets	✅ Yes	$5 USD	1:1000	? Click Here
? FXPro	☑️ Yes	$100 USD	1:500	? Click Here
? XTB	✅ Yes	$250 USD	1:500	? Click Here
? Iron FX	☑️ Yes	$50 USD	1:1000	? Click Here
? EasyMarkets	✅ Yes	$25 USD	1:200	? Click Here
? EightCap	☑️ Yes	$100 USD	1:500	? Click Here
? IC Markets	✅ Yes	$200 USD	1:500	? Click Here
? Exness	☑️ Yes	$200 USD	1:1000	? Click Here
? eToro	✅ Yes	$50 USD	1:30	? Click Here
? Plus500	☑️ Yes	$100 USD	1:30	? Click Here

 

 

 

 

10 Best CySEC Forex Brokers (2023)

 

1. HF Markets – Overall, Best CySEC Regulated Forex Broker
2. FXPro – Best CySEC Regulated Broker for Beginners
3. XTB – Top Choice for Low Spreads
4. IronFX – Great Range of Trading Products
5. EasyMarkets – Best Risk Management Tools
6. EightCap – Excellent Online Trading Experience
7. IC Markets – Low Spread CySEC Forex Broker
8. Exness – Popular CySEC Broker Choice for Professional Traders
9. eToro – Fast Trade Execution
10. Plus500 – Highly-Rated CySEC Broker

 

 

 

HF Markets

 

HFM is an award-winning forex and commodities broker that offers access to various account types, trading software, and trading tools.

 

HF Markets Overview

 

? Broker	? HFM
? Min. Deposit	$5 USD / R75 ZAR
? Regulators	CySEC, FSC, CFTC
₿ Crypto	No
? Total Pairs	47
☪️ Islamic Account	Yes
? Trading Fees	Low
? Open an Account	? Click Here

 

 

HF Markets Regulation

 

HF Markets is well-regulated by multiple leading global entities including:

 

• Financial Sector Conduct Authority (FSCA)
• Cyprus Securities and Exchange Commission (CySEC)
• Dubai Financial Services Authority (DFSA)
• Financial Services Authority (FSA)
• Financial Conduct Authority (FCA)

 

and many more.

 

 

HF Markets Pros and Cons

 

✔️ Pros	❌ Cons
Great range of markets	Only Forex and CFDs products
Enabled negative balance protection	Three entities in offshore zones

 

 

 

FxPro

 

FxPro offers its services to thousands of traders in approximately 170 countries across the globe.  FxPro offers superior execution and trading conditions on Oil, Gold, Currencies, and much more.

 

FxPro Overview

 

? Broker	? FXPro
? Regulation	FCA, CySec, FSCA and SCB
? Awards	80+
? Welcome Bonus	No
☪️ Islamic Account	Yes
? Minimum Deposit	$100 USD
? Demo Account	Yes
? Maximum Leverage	1:30
? Minimum Lot Size	0.01
? Maximum Lot Size	10 000
? Open an Account	? Click Here

 

 

FxPro Regulation

 

FxPro is well-regulated by multiple leading global entities including:

 

• Financial Conduct Authority (FCA)
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Sector Conduct Authority (FSCA)
• Securities Commission of The Bahamas (SCB)

 

 

FXPro Pro and Cons

 

✔️ Pros	❌ Cons
Regulated with several different bodies	Does not offer its services in all countries due to legal jurisdictions

 

 

 

XTB

 

XTB is one of the largest, global stock exchange-listed FX & CFD brokers with more than 15 years of experience in the field.  XTB has offices in over 13 countries across the globe and provides clients with a proprietary trading platform plus dedicated customer support.

 

XTB Overview

 

? Broker	? XTB
? Min. Deposit Required	None
? Min. Deposit Recommended	$100 USD / R1600 ZAR
? Inactivity Fee	$10 USD / R160 ZAR
? Demo Account	✅ Yes
? Spreads from	0.1
? Commissions	Pro Account
? Sign Up Bonus	✅ Yes
? Open an Account	? Click Here

 

 

XTB Regulation

 

XTB is well-regulated by multiple leading global entities including:

 

• The Financial Conduct Authority (FCA)
• The Polish Financial Supervision Authority (KNF)
• The Cyprus Securities and Exchange Commission (CySEC)

 

and more.

 

 

XTB Pros and Cons

 

✔️ Pros	❌ Cons
Award winning platform	Poor email support
Negative balance protection	Limited product portfolio, mostly CFD and FX
Easy and fast account opening	Does not hold a banking license
Regulated by top-tier FCA
Broad range of educational materials

 

 

 

IronFX

 

IronFX is a trusted service provider which offers access to Forex CFDs with competitive spreads.  IronFX allows investors to trade on 300 tradable instruments from 6 asset classes on a single trading platform.

 

IronFX Overview

 

Broker’s Name	IronFX
?️ Headquartered	Cyprus
? CySEC	registration number 51491
? Accounts	VIP-, STD/ECN-, Standard-, Premium-, Zero Spread Accounts
? Bonus	Deposit bonus only – No sign up bonus
? Year Founded	2010
⚖️ Regulating Authorities	CySEC, FCA, ASIC
? Countries not accepted for trade	United States, Iran, Cuba, Sudan, Syria, and North Korea
☪️ Islamic account (swap-free)	Yes
? Sign up Bonus	No
? Demo Account	Yes
? Institutional Accounts	Yes
? Managed Accounts	Yes (PMAM)
? Maximum Leverage	1:1000 (1:30 for EU)
? Minimum Deposit	$50 USD / R 800 ZAR
? Deposit Options	Local Agents, Local Bank Transfer, IronFX Card Deposit, BitWallet, WebMoney, Bank Transfer, Perfect Money, Credit/Debit Cards,UnionPay, Crypto, EasyPay, Neteller ,Skrill
? Withdrawal Options	Local Agents, Local Bank Transfer, IronFX Card Deposit, BitWallet, WebMoney, Bank Transfer, Perfect Money, Credit/Debit Cards,UnionPay, Crypto, EasyPay, Neteller ,Skrill
? Platform Types	MetaTrader 4, IronFX VPS Hosting, PMAM
? OS Compatibility	Windows, Linux, MacOS, web browsers, Android, iOS
? Tradable assets offered	Forex, Metals, Indices, Commodities, Futures, Shares
?‍? Languages supported on Website	Deutsch,English,Español,Français,Italiano,Português
? Customer Support Languages	Thai, German, English, Spanish, French, Italian, Chinese, Portuguese, Russian, Slovakian
? Customer Service Language	Multilingual
? Customer Service Hours	24/5
? Open an Account	? Click Here

 

 

IronFX Regulation

 

IronFX is authorized and regulated by CySEC and has various licenses and authorizations for a number of other countries, including Australia, the UK, and South Africa.

 

 

IronFX Pro and Cons 

 

✔️Pros	❌ Cons
Deposit offered	No sign up bonus
Trading bonus offered	Terms of bonuses not provided
Demo account provided	Only two accounts that can be opened as a demo account
Award-winning trading platforms	Limited trading tools
Both variable and fixed spreads offered	Restricted leverage for EU clients (1:30) as per ESMA requirements
Eligible clients are provided with free VPS	United States, Iran, Cuba, Sudan, Syria, and North Korea not accepted

 

 

 

EasyMarkets

 

EasyMarkets was founded as a Forex broker in 2001 as Easy-Forex. In 2016, the brokerage introduced CFD trading and re-branded it to easyMarkets.

 

EasyMarkets Overview

 

? Broker	?easyMarkets
?Bonus	✅ Yes
Regulation	ASIC / CySEC
? MetaTrader 4 (MT4)	☑️ Yes
? MetaTrader 5 (MT5)	No
?Trading Islamic Account	✅ Yes
? Spreads	0.9 pips
? Leverage	1:400
? Withdrawal fee amount	None
? Open an Account	? Click Here

 

 

EasyMarkets Regulation

 

easyMarkets is owned by Easy Forex Trading LTD and is authorized and regulated by CySEC, ASIC, BVI, and FSA.

 

 

EasyMarkets Pros and Cons

 

✔️ Pros	❌ Cons
Segregates client funds	Doesn’t offer VPS
Established in 2003	Limited range of instruments
Regulated by CySEC and ASIC	Not FCA Regulated

 

 

 

EightCap

 

EightCap is an Australian financial services company that offers trading solutions and access to currencies (Forex), commodities, indices, cryptocurrencies, and shares to global customers.

 

EightCap Overview

 

? Broker	? EightCap
? Regulation	ASIC, SCB
? Min Deposit	$100 USD / R1600 ZAR
➕ Max Leverage	1:30 (ASIC) / 1:500 (SCB)
? Trading Desk Type	Market Maker / Dealing Desk
?️ Trading platforms	MetaTrader4 / MetaTrader5
☪️ Islamic Account	❌ No
? Demo Account	☑️ Yes
? Open an Account	? Click Here

 

 

EightCap Regulation

 

EightCap is well-regulated by The Australian Securities and Investments Commission (ASIC), the Securities Commission of the Bahamas (SCB), and The Cyprus Securities and Exchange Commission (CySEC)

 

 

EightCap Pros and Cons

 

✔️ Pros	❌ Cons
Low Forex Fees	Slim Product Selection
Quick Account Application	Limited Research
Free Deposit and Withdrawal	Lack of Investor Protections

 

 

 

IC Markets

 

IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders, scalpers, and investors new to the forex market.

 

IC Markets Overview

 

? Broker	? IC Markets
? Regulation	ASIC
☪️ Islamic account (swap-free)	✔️ Yes
? Demo Account	✔️ Yes
? Bonus	No Sign-up Bonus
✴️ Institutional Accounts	❌ No
??‍? Managed Accounts	❌ No
? Maximum Leverage	1:500
? Minimum Deposit	$200 USD
? Open an Account	? Click Here

 

 

IC Markets Regulation

 

IC Markets is supervised by some of the strictest regulatory bodies in the world including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA), and the Securities Commission Bahamas (SCB).

 

 

IC Markets Pros and Cons

 

✅ Pros	❎ Cons
Low Forex Fees	Limited Product Selection
Easy Account Opening	Slow Chat Response

 

 

 

Exness

 

Exness provides traders with financial services and investment solutions that are tailored according to individual needs.  Exness offers access to instant withdrawals plus fast and reliable execution.

 

Exness Overview

 

? Broker	? Exness
? Regulation	Multiple
? Trading Desk	Market Maker, NDD
? Sign Up Bonus	None
➖ Min. Deposit from	$10 USD
? Spreads from	0.1 Pips
➕ Max Leverage	1:2000
? Commission	Yes
? Inactivity Fee	No
? Open an Account	? Click Here

 

 

Exness Regulation

 

Exness is well-regulated by multiple leading global entities including:

 

• Financial Services Authority (FSA)
• Central Bank of Curaçao and Sint Maarten (CBCS)
• Financial Services Commission (FSC)
• Financial Sector Conduct Authority (FSCA)
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Conduct Authority (FCA)

 

and more.

 

 

Exness Pros and Cons

 

✔️ Pros	❌ Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions	There is a limited portfolio of financial instruments offered
Traders can choose between several retail investor accounts	Exness offers a limited number of payment methods that can be used for deposits and withdrawals

 

 

 

eToro

 

eToro is a well-known fintech social trading broker that was established in 2007 and is based in Israel. eToro boasts one of the world’s largest social trading and investment networks.

 

eToro Overview

 

? Broker	? eToro
? Regulation	FCA, ASIC, CySEC
☪️ Islamic account	☑️ Yes
? Demo Account	✅ Yes
? Institutional Accounts	No
? Managed Accounts	☑️ Yes
? Maximum Leverage	20:1
? Minimum Deposit	$50 USD
? Open an Account	?Click Here

 

 

eToro Regulations

 

eToro is well-regulated by the Cyprus Securities & Exchange Commission (CySEC) and operates under and complies with the Markets in Financial Instruments Directive (MiFID).

 

 

eToro Pros and Cons

 

✔️ Pros	❌ Cons
Used by 6,000,000+ traders	Doesn’t allow scalping
Established in 2006	Inactivity Fee
Regulated by Financial Conduct Authority, CySEC, ASIC	Limited range of instruments

 

 

 

Plus500

 

Plus500 is a leader in the field of  Contracts for Difference (CFDs) and the company delivers trading facilities on not only shares but also forex, commodities, cryptocurrencies, ETFs, options, and indices.  Furthermore, Plus500 has a global reach.

 

Plus500 Overview

 

? Plus500 Global Group	? Location of Services	? License and Regulation
? Plus500AU Pty Ltd	Australia	ASIC – Australian Securities and Investment Commission.
	New Zealand	FMA – Financial Management Association
	South Africa	–

 

 

Plus500 Regulation

 

Plus500 is fully regulated by the Australian Securities & Investments Commission (ASIC) and holds a license with the Cyprus Securities and Exchange Commission (CySEC).

 

 

Plus500 Pros and Cons

 

✔️ Pros	❌ Cons
Used by 300,000+ traders	Doesn’t allow scalping
Established in 2008	Inactivity Fee
Minimum deposit from $100	Limited range of instruments

 

 

 

Conclusion

 

? Now it is your turn to participate:

 

➡️ Which Forex Broker with a Cyprus Securities and Exchange Commission regulation from this list do you intend to test out?

➡️ What was the determining factor in your decision to engage with a certain broker?

➡️ Was it because of the CySEC Regulation or the Pros and Cons?

 

? Regardless, please share your thoughts in the comments below.

 

 

You might also like:  HF Markets Review

You might also like:  FXPro Review

You might also like:  IronFX Review

You might also like:  EasyMarkets Review

You might also like:  Exness Review

 

 

Frequently Asked Questions

 

 

Who is the preferred CySEC Regulated broker amongst traders in South Africa?

 

HF Markets is the preferred CySEC-regulated broker amongst traders. HFM offers access to a huge range of financial assets, great trading platforms, numerous trading tools, and an innovative trading app.

 

Will a CySEC Regulated Broker offer me protection?

 

Yes, CySEC Regulated Broker will keep all client funds in segregated accounts.

 

What is CySEC regulation?

 

The Cyprus Securities Exchange Commission (CySEC) is the regulator of the financial industry in Cyprus. CySEC abides by the regulatory framework as established under the Markets in Financial Instruments Directive.

 

What are CySEC’s responsibilities?

 

The main responsibilities of CySEC include the Supervision and control of the Cyprus Stock Market.

 

How do I know if a broker is regulated by CySEC?

 

This information can be found on the official site of the Forex Broker in consideration.